Women’s Wear Dailyreports that Dior released a brief statement Tuesday morning announcing Galliano’s termination in light of the “odious behavior” portrayed in that “I Love Hitler” video which made the rounds on Monday.

In the statement, Dior’s president and chief executive officer Sidney Toledano said, “I condemn most firmly the statements made by John Galliano which are total contradiction with the essential values that have always been defended by the House of Christian Dior.”

Paris – March 1, 2011

Following the allegations of anti-Semitic statements that resulted in John Galliano being questioned by police on Thursday, February 24, Christian Dior immediately suspended its relationship with its designer, pending the outcome of the police investigation.

Today, in light of the deeply offensive statements and conduct by John Galliano in a video made public yesterday, Christian Dior has commenced termination proceedings against him.

Sidney Toledano, Chairman and Chief Executive Officer of Christian Dior Couture, said: “I unequivocally condemn the statements made by John Galliano which are in total contradiction to the longstanding core values of Christian Dior”.

It’s important to note that Dior specifically writes they’ve “initiated proceedings to fire him,” which is to say: there is a process to go through before Galliano is officially out. As the Wall Street Journal’s Christina Binkleypointed out via Twitter, “Don’t expect the Galliano thing to end easily. French gov’t will likely require a process, and there’s the Galliano line to contend with.”

Galliano certainly isn’t staying, but we find it hard to believe he’ll go quietly; he’s already filed a defamation suit against his initial accusers, so we wouldn’t be surprised if he made claims against Dior for wrongful termination. And finally, there’s the question of what ownership percentage the designer has in his eponymous line — and how the rest of the fashion community will react.